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50.0¢ essential metals limited

You make a good point in regards to anyone willing to accept...

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Maltisani

852 Posts.

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17/01/23

18:34

Post #: 65739033
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Originally posted by qwert0: ↑

I certainly think that ESS could mange the DSO option themselves. They did it with the cesium and we now employ a marketing director with recent experience selling lithium DSO. It's definitely an option that is still on the table.

People seem to be making the assumption that we have to sell to someone. That isn't the case at all. Obviously we won't be accepting the 50c bid. Anyone willing to sell at that price would have already sold. If the bid isn't raised or countered then it's back to plan A.

Just because the board approved the bid doesn't mean they actually want to sell. They're satisfying their legal responsibility to act in the best interests of shareholders and present us with the opportunity to sell at a price 50% above what it was 2 weeks ago.

We are the ones who decide how this plays out.

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You make a good point in regards to anyone willing to accept 50c, probably having already sold.

However, I doubt this particular deal will get as far as a SH vote.

Clearly if we are trading above 50c, the current offer is hardly in SH best interests.

Then there is the FIRB, which I'd imagine will be a significant hurdle in the current geopolitical climate.

ESS Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
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